Community First Broadcasting is buying the two radio stations in Sheldon, bringing its group of stations in northwestern Iowa and southwestern Minnesota to more than a dozen.
An asset purchase agreement filed with the FCC on Feb. 14 indicates Sheldon Broadcasting is selling KIWA-FM/105.3, KIWA/1550, and KIWA translator K264CW/100.7 (Sheldon) to Community First Broadcasting for $100,000.
KIWA has been owned by the Stangland family for its entire existence. E.C. “Red” Stangland founded the station in 1961, and the company is now headed by Susan Stangland.
The agreement notes that there is also a consulting agreement between Community First Broadcasting and KIWA general manager Walt Pruiksma, who has been with the station since 1972.
In a news report about the sale, Community First Broadcasting manager Neil W. Lipetzky said that they do not plan any changes for listeners or advertisers and plan to keep the existing staff. KIWA-FM runs an information-intensive Classic Hits format while the AM station and K264CW carry syndicated Conservative Talk with local information updates.
Community First Broadcasting also owns three stations in the Sioux Center area, three in the Storm Lake area, three in the Spirit Lake/Spencer area, and two in Jackson, Minnesota. It also owns three FM translators relaying the company’s AM stations.
KIWA’s city-grade signals overlap with the Sioux Center stations as well as KKOJ/1190 (Jackson).
Community First Broadcasting’s parent company, Dakota Broadcasting, also owns two stations in the Aberdeen market.
The company is owned by Lipetzky (40%), Dean Sorenson (30%), and Duane D. Butt (30%).
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